Absorption costing
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The following data pertain to one month's operations of Whitney, Inc.:
Units in beginning inventory -0-
Units produced 9,000
Units sold 8,000
Variable costs per unit:
Manufacturing $10
Selling and administrative 6
Fixed costs in total:
Manufacturing $18,000
Selling and administrative 27,000
The carrying value on the balance sheet of the ending finished goods inventory under absorption costing would be:
A) $16,000. C) $12,000.
B) $10,000. D) $21,000.
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Solution Summary
Calculates the carrying value on the balance sheet of the ending finished goods inventory under absorption costing.
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The following data pertain to one month's operations of Whitney, Inc.:
Units in beginning inventory -0-
Units produced 9,000
Units sold 8,000
Variable costs per unit:
Manufacturing $10
Selling and administrative 6
Fixed costs in total:
Manufacturing $18,000
Selling and ...
Purchase this Solution
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